On June 1, 2011 Quang Le Buys a Copier Machine

question 116

Multiple Choice

On June 1, 2011 Quang Le buys a copier machine for his business and finances this purchase with cash and a note.When journalizing this transaction, he will

• A)use two journal entries.
• B)make a compound entry.
• C)make a simple entry.
• D)list the credit entries first, which is proper form for this type of transaction.

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Definitions:

Clot Dissolution

The process of breaking down a clot, typically through the action of certain enzymes like plasmin.

Clot Retraction

The shrinking of a blood clot over time, which helps with the healing process by pulling the edges of a wound together.

Connective Tissue Cells

Cells that form the structural framework and support for organs and the body as a whole, such as fibroblasts, adipocytes, and chondrocytes.

Clot Dissolution

A process by which a blood clot (thrombus) is broken down, often through enzymatic activity, restoring normal blood flow.